Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | S-1/A |
| Revenues: |
| United States | 515.7 | 342.6 | 218.2 | 144.6 | 92.7 | 64.9 | |
| CHINA | | | | | | 14.4 | |
| Other | 459.5 | 313.8 | 212.9 | 142.4 | 100.0 | 55.6 | |
| Total revenues | 975.2 | 656.4 | 431.1 | 287.0 | 192.7 | 134.9 | 84.8 |
| Revenue growth [+] | 48.6% | 52.3% | 50.2% | 49.0% | 42.8% | 59.1% | |
| United States | 50.5% | 57.0% | 50.9% | 56.0% | 42.7% | | |
| Cost of goods sold | 232.6 | 147.1 | 101.1 | 63.4 | 43.5 | 28.8 | 24.0 |
| Gross profit | 742.6 | 509.3 | 330.0 | 223.6 | 149.1 | 106.1 | 60.8 |
| Gross margin | 76.1% | 77.6% | 76.6% | 77.9% | 77.4% | 78.7% | 71.7% |
| Selling, general and administrative [+] | 645.5 | 447.6 | 309.6 | 240.9 | 179.6 | 82.2 | 54.2 |
| Sales and marketing | 465.8 | 328.1 | 217.9 | 159.3 | 94.4 | 61.9 | 40.1 |
| General and administrative | 179.8 | 119.5 | 91.8 | 81.6 | 85.2 | 20.3 | 14.1 |
| Research and development | 298.3 | 189.4 | 127.1 | 90.7 | 54.5 | 33.7 | 23.7 |
| EBITDA [+] | -98.9 | -61.1 | -57.4 | -78.5 | -66.0 | 2.4 | -8.7 |
| EBITDA growth | 61.9% | 6.4% | -26.9% | 18.9% | -2800.2% | -128.2% | |
| EBITDA margin | -10.1% | -9.3% | -13.3% | -27.3% | -34.3% | 1.8% | -10.2% |
| Depreciation | 87.1 | 63.7 | 46.3 | 29.4 | 18.4 | 11.7 | 8.4 |
| EBITA | -186.0 | -124.8 | -103.7 | -107.8 | -84.4 | -9.2 | -17.0 |
| EBITA margin | -19.1% | -19.0% | -24.0% | -37.6% | -43.8% | -6.8% | -20.1% |
| Amortization of intangibles | 15.2 | 2.9 | 3.1 | 0.1 | 0.5 | 0.5 | |
| EBIT [+] | -201.2 | -127.7 | -106.8 | -107.9 | -84.9 | -9.7 | -17.0 |
| EBIT growth | 57.6% | 19.6% | -1.1% | 27.1% | 772.5% | -42.9% | |
| EBIT margin | -20.6% | -19.5% | -24.8% | -37.6% | -44.1% | -7.2% | -20.1% |
| Interest expense, net [+] | -9.9 | 47.3 | 18.4 | -4.7 | -0.9 | 0.1 | 0.0 |
| Interest expense | 5.0 | 49.2 | 25.0 | 1.1 | 1.0 | 0.9 | 0.7 |
| Interest income | 14.9 | 2.0 | 6.6 | 5.8 | 1.9 | 0.8 | 0.6 |
| Other income (expense), net [+] | 0.6 | -73.0 | 0.2 | -1.4 | -2.1 | 0.1 | -0.2 |
| Gain (loss) on debt retirement | | -72.2 | | | | | |
| Other | 0.6 | -0.8 | 0.2 | -1.4 | -2.1 | 0.1 | |
| Pre-tax income | -190.7 | -248.0 | -125.0 | -104.7 | -86.1 | -9.7 | -17.3 |
| Income taxes | 2.6 | 12.3 | -5.6 | 1.1 | 1.1 | 1.0 | 0.1 |
| Tax rate | | | 4.5% | | | | |
| Net income | -193.4 | -260.3 | -119.4 | -105.8 | -87.2 | -10.7 | -17.3 |
| Net margin | -19.8% | -39.7% | -27.7% | -36.9% | -45.2% | -8.0% | -20.4% |
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| Basic EPS [+] | ($0.59) | ($0.83) | ($0.40) | ($0.72) | ($1.08) | ($0.14) | ($0.23) |
| Growth | -28.9% | 109.3% | -44.9% | -32.8% | 672.6% | -39.1% | |
| Diluted EPS [+] | ($0.59) | ($0.83) | ($0.40) | ($0.72) | ($1.08) | ($0.14) | ($0.23) |
| Growth | -28.9% | 109.3% | -44.9% | -32.8% | 672.6% | -39.1% | |
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| Shares outstanding (basic) [+] | 326.3 | 312.3 | 299.8 | 146.3 | 81.0 | 77.1 | 75.7 |
| Growth | 4.5% | 4.2% | 104.9% | 80.7% | 5.0% | 1.9% | |
| Shares outstanding (diluted) [+] | 326.3 | 312.3 | 299.8 | 146.3 | 81.0 | 77.1 | 75.7 |
| Growth | 4.5% | 4.2% | 104.9% | 80.7% | 5.0% | 1.9% | |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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